The script has been penned by Smallville and Shanghai Noon vets Alfred Gough and Miles Millar. Plot details for the movie were not divulged. Stephen Sommers, who wrote and directed the first two installments, is apparently not involved with this sequel.

No word yet on whether Oscar winner Rachel Weisz or Oded Fehr will also return for the third film.

Universal is lining up The Mummy 3 to film early next year, according to ProductionWeekly.com.

Fraser will first shoot Inkheart for director Iain Softley. The family fantasy pic is an adaptation of Cornelia Funke's book. Inkheart is slated for a November start in the U.K.